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Newsfeed of all your Internet, technology, business and development news as they happen across Afrika.
Confirmed: Visa be buying a 20% stake in Nigeria's Interswitch, a company focussed on the digitisation of payments in Nigeria and other countries in Africa, for $20 million, valuing the FinTech giant at $1 billion.
AWS is set help take some of South Africa's startups and small businesses to the next level of their business journey. AWS will invest over R365 million into 100% black owned South African small businesses in ICT.
It's no secret that telecommunications companies across Africa have regularly complained about OTT (Over The Top) platforms such as WhatsApp, Facebook Messenger, Snapchat, Skype, and others. Ayoba seems to be MTN's answer to them as it hits 1 million active users.
It seems we have reached the age where computer generated "creations" are replacing humans. Shudu is a black supermodel that is digitally generated and exists only on the Internet, mostly Instagram. She already has earned some paid partnerships as an influencer.
OLX Group, a Prosus company, has announced that it is looking to invest up to $400 million in Berlin-based online car marketplace Frontier Car Group.
BizPortal, a new online business registration service in South Africa, has been launched by a South African government agency known as the Companies and Intellectual Property Commission (CIPC). It reduces business registration to 1 day.
Visa is looking to buy 20% of Nigerian FinTech giant, Interswitch, for $200 million. This is in anticipation of Interswitch's IPO on the London Stock Exchange in 2020.